HCL Tech shares hit all-time high on strong Q2

HCL Tech shares hit a record high on Thursday after the Noida-based outsourcer reported strong numbers for the December quarter. Shares in India's fourth largest IT company rose over 3.5 per cent to an all-time high of Rs 1,377.

(Read: HCL Tech net jumps to Rs 1496 crore in Q2; beats estimates)

As of 09.30 a.m., HCL Tech traded 2.4 per cent higher at Rs 1,362 on the National Stock Exchange ahead of the CNX IT benchmark, which was up 0.32 per cent. (Track stock)

HCL Tech was also the top gainer on the 50-share Nifty benchmark.

HCL Technologies said earlier in the day its consolidated net profit for October-December rose by 58.4 per cent year-on-year to Rs 1,496 crore, compared with the average estimate of Rs 1,422 crore by 24 analysts, according to Thomson Reuters I/B/E/S.

(With inputs from Reuters)